NRMLA, through its State and Local Issues Committee, sent a letter to New Jersey state Senator Shirley K. Turner that addressed concerns over a proposed bill that she … more Association Responds to NJ Bill Requiring Face-to-Face Counseling
Federal and State Legislation
New CO Law Protects Borrowers Impacted By Disasters
Colorado Governor Jared Polis signed legislation (House Bill 1266) into law on June 7 that provides new protections for reverse mortgage borrowers who have to vacate their properties … more New CO Law Protects Borrowers Impacted By Disasters
Bill Search: Reverse Mortgages
NRMLA members can track reverse mortgage legislation introduced by lawmakers in the United States House of Representatives or Senate during the 118th Congress (2023-2025) by visiting Congress.org.
Utah Makes Improvements to Reverse Mortgage Law
Utah Governor Spencer Cox signed legislation (HB 94) into law that lowers the minimum borrower age for proprietary reverse mortgage borrowers from 62 to 55 and changes the … more Utah Makes Improvements to Reverse Mortgage Law
White House Budget Forecasts Strong HECM Performance
The Biden Administration released appendices to its Fiscal Year 2024 proposed budget this week that predicted strong economic numbers for the Home Equity Conversion Mortgage program for the … more White House Budget Forecasts Strong HECM Performance
Retirement Expert Jamie Hopkins Discusses Secure 2.0
On December 30, the Setting Every Community Up for Retirement Enhancement (Secure) 2.0 Act – a bill featuring more than 100 provisions aimed at modernizing and improving the … more Retirement Expert Jamie Hopkins Discusses Secure 2.0
New York Passes Foreclosure Abuse Prevention Act
By Weiner Brodsky Kider On December 30, New York Governor Kathy Hochul signed Assembly Bill 7737B, which will disallow lenders and servicers conducting business in New York from … more New York Passes Foreclosure Abuse Prevention Act
Senate Committee Holds Hearing on Stopping Senior Scams
The U.S. Senate Special Committee on Aging held a hearing recently titled “Stopping Senior Scams: Empowering Communities to Fight Fraud.” Ranking Member Tim Scott (R-SC) and Chairman Bob Casey … more Senate Committee Holds Hearing on Stopping Senior Scams
5 Ways the Inflation Reduction Act Impacts Older Americans
It may take a few years, but Medicare recipients will start paying less for some prescription drugs and out-of-pocket costs for medications will be capped annually at $2,000, … more 5 Ways the Inflation Reduction Act Impacts Older Americans
Congress to Debate Retirement Savings Bills
Expanding access to retirement savings accounts remains a hugely popular issue for congressional lawmakers from both parties. When they return from their summer recess in September, lawmakers will … more Congress to Debate Retirement Savings Bills
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